Zafar Naik
Bitcoin reached a new all time high in 2024. However, as always, altcoins didn’t quite keep up. This time, meme coins stole the spotlight. While meme coins brought great profits to investors, altcoins have been sluggish. Yet, there are three altcoins that could pump with the help of Coinbase. Two of these tokens are currently under half a dollar.
Blast
Just 12 days ago, Coinbase added Blast for spot trading with USD pairs as an experiment. This year, Blast airdropped 17% of its supply to early users. According to Blast’s documentation, 50% of the total supply is reserved for the community.
After Phase 1 of the airdrop, Blast achieved a $3 billion valuation. It’s only been 13 days since the airdrop. In the past 24 hours, Blast’s trading volume reached $135 million, up 25.51% in the same period. Due to market conditions, Blast is currently trading below its listing price, available to investors at a 50% discount. The current trading price is $0.145.
Zksync
Zksync is an L2 protocol built on the Ethereum blockchain. It uses zero-knowledge tech to increase Ethereum’s throughput. Like Blast, this token is also currently below $1. The current trading price is $0.1484 with a market cap of $545 million. Zksync token is currently below the 20, 50, and 100 moving averages. A continuous rise in RSI indicates that this token is gradually building strength.
ZRO
Layer Zero is the third coin on this list. It is currently trading at $3.78. In the past 24 hours, it is down 7.05%.
Its current market cap is $470 million, which was $1.05 billion last month.
ZRO is used for message passing across various blockchains. It supports any blockchain capable of running smart contracts. Despite current market conditions, Layer Zero is on the rise. The chart shows both price and RSI are increasing, indicating that this token is in a strong position.
What’s Coming?
A recent tweet by Coinbase shared information about the upcoming perpetual listing of these three tokens. Future trading for these tokens will begin at 9:30 AM UTC on July 11, 2024.
This will give over 10 million active Coinbase users access to these tokens. When a token is listed for futures trading on a major exchange like Coinbase, it gets more liquidity, visibility, and accessibility, which increases its demand.
